United StatesIncentivize Savings Act
What it does
This bill establishes requirements for allocating unexpended appropriations for federal agencies.
More detail
If appropriations are provided to a federal agency for a definite period and the agency does not spend the funds during the period of availability, the bill requires
49% of the funds to remain available for an additional fiscal year,
49% of the funds to be used for payments of principal and interest on the public debt, and
2% of the funds to be used for retention bonuses within the agency that do not exceed 10% of an employee's basic pay.
If an agency's unexpended appropriations are allocated under this bill, the agency's budget request for the fiscal year following the fiscal year in which the funds expired may not exceed the prior year's budget request with an adjustment for inflation.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 4Committee Consideration and Mark-up Session HeldLatest
- Feb 4Ordered to be Reported (Amended) by the Yeas and Nays: 25 - 19.
- 2025
- Sep 17Introduced in House
- Sep 17Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.Introduced